Uber to Invest €270m in Delivery Hero for 4.5% Stake
Uber agreed to purchase a 4.5% stake in Delivery Hero from Prosus at €20 per share, investing €270m for 13.58 million ordinary shares. The deal will make Uber the fourth-largest shareholder and supports its rollout in five European markets, aiming to add $1bn in gross bookings over three years.
1. Deal Terms
Uber will acquire 13.58 million Delivery Hero ordinary shares from Prosus at €20 per share for a total of €270 million, representing a 4.5% stake in the Berlin-based firm.
2. Strategic Rationale
The investment positions Uber as the fourth-largest shareholder in Delivery Hero and aligns with its plan to expand food delivery into Austria, the Czech Republic, Denmark, Greece, and Romania, targeting an extra $1 billion in gross bookings over three years.
3. Prosus Commitments
Prosus reduces its Delivery Hero holding from 26.3% to 21.8% to fulfill European Commission conditions tied to its Just Eat Takeaway.com acquisition, with plans to dispose of the remaining shares within the stipulated deadline.